dmodiwirijo

Crypto Winter

Short
BITSTAMP:BTCUSD   Bitcoin
If the previous bearmarket has the same sentiment strengths then we may expect incoming selloffs and more volume pressure. This process may take longer in current bearmarket because the market cap is larger. But the market is still illiquid compared to major stockmarkets. There are too many bearflags and little bull flags on short term. After the volume has increased significantly then we may consider a long/mid term trend change. Macro-economics pushes the market into further bear territories.

Related Ideas

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.